*Silver Springs - Limited Series Plan · Bradenton, FL 34222

$229,000

3 bd · 2.0 ba · 1,356 sqft · Manufactured · 72 Days on market

Good condition

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.3/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

55+ age qualified community. Welcome to Colony Cove, a 55+ age-qualified, active, and vibrant community where you can find yourself in your dream home. We have a rare opportunity for you with expansive lake views, open floor plan 2026 home, (3-bedroom, 2-bath) for sale featuring 1,356 sq. ft. of beautifully designed living space. Located in Ellenton FL, this abode offers the perfect blend of modern amenities and timeless charm. Step inside to find an open-concept floor plan, high ceilings, and upgraded appliances. The island kitchen boasts an impressive amount of countertop space and storage, perfect for both everyday living and entertaining. The spacious owner's suite offers a peaceful ret

Key facts

• Listed 72 days

Property features AI

Finance

• Financial info: List price $229,000

Exterior

• Home design: Plan: Silver Springs - Limited Series; New construction plan
• Exterior features: Living area approximately 1,356

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Open living area

🏗️ New construction. The $229,000 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $219,672.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $229k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $262 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (1.6% below list).
• Recommended offer: $215k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 3.6% in Bradenton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#101 in FL, #1,528 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime D, amenities F.
• Manatee (suburban): math 54% / reading 50% proficiency, ranked #26 of 73 in FL (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Blackburn Elementary School (math 62% / reading 42%, grade C-, #990 of 2,144 statewide, top 48%, 551 students, 78% FRL); Palmetto High School (math 22% / reading 36%, grade F, #456 of 667 statewide, top 68%, 2,100 students, 61% FRL) — zoned schools average 70% FRL vs 51% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 185 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 42% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Manatee County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($215k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $215,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.12%
• DSCR: 1.23
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $219,672
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
77 Spoonbill Ln	0.26mi	2/2.0 (-1)	1,352 (-0%)	2mo	$140,000	$104	80
137 Osprey Cir	0.37mi	2/2.0 (-1)	1,352 (-0%)	3mo	$190,000	$141	75
51 Partridge Ave	0.34mi	2/2.0 (-1)	1,318 (-3%)	2mo	$233,000	$177	73
99 Meadow Cir	0.30mi	2/2.0 (-1)	1,404 (+4%)	4mo	$120,000	$85	72
159 Osprey Cir Unit na	0.38mi	2/2.0 (-1)	1,296 (-4%)	4mo	$181,000	$140	66
158 Nightingale Cir	0.51mi	2/2.0 (-1)	1,287 (-5%)	2mo	$185,000	$144	61
20 Wood Owl Ave	0.23mi	2/2.0 (-1)	1,176 (-13%)	4mo	$200,000	$170	59
3449 71st Ave E	0.72mi	2/2.0 (-1)	1,404 (+4%)	1mo	$268,000	$191	55
3108 Terra Siesta Blvd	0.58mi	2/2.0 (-1)	1,248 (-8%)	0mo	$125,000	$100	54
3432 71st Ave E	0.68mi	2/2.0 (-1)	1,296 (-4%)	4mo	$230,000	$177	52
3522 70th Ave E	0.74mi	2/2.0 (-1)	1,266 (-7%)	4mo	$245,000	$194	46
3445 71st Ave E	0.71mi	2/2.0 (-1)	1,485 (+10%)	4mo	$240,000	$162	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.69×
• Total profit: $-18,847
• Equity at exit: $32,754

10-year hold

• IRR: 1.2%
• Equity multiple: 1.09×
• Total profit: $5,249
• Equity at exit: $18,993

Cash invested: $61,508 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34222

• Home prices YoY: -26.9%
• Active inventory: 185
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,254 high
• Mortgage (P&I): −$1,152
• Tax est. 1.5%: −$275 /mo · $3,295/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $262

Break-even live

Break-even rent $1,922

Max offer price $219,672

Occupancy floor 83%

Sensitivity live

Price	-10% $414	-5% $338	+0% $262	+5% $187	+10% $111
Rent	-10% $84	-5% $173	+0% $262	+5% $351	+10% $440
Rate	-1.0pp $373	-0.5pp $318	base $262	+0.5pp $206	+1.0pp $148

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $54,918
• Closing costs: $6,590
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
482 Outer Dr Unit NA Ellenton, FL	3.0	2.0	1400	$1,600	$1.14	5d	1	0.50mi
2711 80th Ave E Ellenton, FL	3.0	2.0	1000	$1,836	$1.84	5d	1	0.59mi
5942 Factory Shops Blvd Ellenton, FL	1.0–3.0	1.0–2.0	953	$3,300	$3.46	3d	67	0.76mi
2710 59th Dr E Ellenton, FL	1.0–3.0	1.0–2.0	1149	$2,829	$2.46	4d	37	0.76mi
3119 61st Dr E Ellenton, FL	3.0	2.0	1662	$2,550	$1.53	5d	1	0.79mi
3808 Sunset Dr Ellenton, FL	3.0	2.0	1441	$1,699	$1.18	23d	1	0.94mi
3931 Day Bridge Pl Ellenton, FL	3.0	2.0	1250	$2,295	$1.84	5d	1	1.00mi
7711 Desoto Dr Ellenton, FL	2.0	2.5	1356	$1,599	$1.18	16d	1	1.02mi
8314 Nancy Ln Ellenton, FL	2.0	2.0	1404	$1,895	$1.35	25d	1	1.05mi
3908 Lemonwood Dr N Ellenton, FL	2.0	2.0	1400	$1,750	$1.25	25d	1	1.22mi
1143 Riverscape St Unit A Bradenton, FL	3.0	2.0	1748	$6,500	$3.72	16d	1	1.28mi
4212 Long Lake Way Ellenton, FL	2.0	2.0	1000	$1,900	$1.90	25d	1	1.28mi
4180 Yardly Dr Palmetto, FL	1.0–3.0	1.0–2.0	1021	$3,139	$3.07	5d	15	1.41mi

Listing history 15 events

1. 2026-06-22
   days on market $229,000 Active 72 DOM
2. 2026-06-18
   days on market $229,000 Active 69 DOM
3. 2026-06-17
   days on market $229,000 Active 68 DOM
4. 2026-06-16
   days on market $229,000 Active 67 DOM
5. 2026-06-15
   days on market $229,000 Active 66 DOM
6. 2026-06-13
   days on market $229,000 Active 64 DOM
7. 2026-06-13
   days on market $229,000 Active 63 DOM
8. 2026-06-10
   days on market $229,000 Active 61 DOM
9. 2026-06-09
   days on market $229,000 Active 60 DOM
10. 2026-06-08
    days on market $229,000 Active 59 DOM
11. 2026-06-08
    days on market $229,000 Active 58 DOM
12. 2026-06-03
    days on market $229,000 Active 54 DOM
13. 2026-06-02
    days on market $229,000 Active 53 DOM
14. 2026-06-01
    days on market $229,000 Active 52 DOM
15. 2026-05-31
    days on market $229,000 Active 51 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 58% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,046
• − Mortgage interest: −$12,305
• − Property taxes: −$3,295
• − Insurance: −$1,098
• − Repairs & maintenance: −$2,164
• − Management: −$2,164
• − Depreciation: −$6,390
• Taxable loss: −$370
• Est. tax savings @ 24.0%: +$89
• After-tax cash flow: $3,238/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This home is in excellent condition with a modern design and ample space, making it a great investment opportunity.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhances curb appeal and adds value.
• Both Adding smart home features — Improves convenience and adds value for potential buyers/renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhances curb appeal and adds value. ↑
• Both Adding smart home features — Improves convenience and adds value for potential buyers/renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Manatee
• NCES district ID: 1201230
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $49,607
• Composite: 44.43/100
• National rank: #2806
• State rank: #26 of 73 in FL

Livability — Bradenton

• Score: 81/100
• State rank: #101
• US rank: #1528

Category grades

Amenities F Commute A+ Cost of living A+ Crime D Employment D+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Manatee County · 416,364 people
• City population: 227,091
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 14,819
• Household income: $64,355
• Rent vs Own: 21.9% rent · 78.1% own
• Severe rent burden: 313.0

Population outlook (Manatee County) Hauer SSP2

• Today (2025): 447,342 people
• By 2030: 488,911 · +9.3%
• By 2040: 567,934 · +27.0%
• By 2050: 637,995 · +42.6%
• By 2075: 781,970 · +74.8%
• By 2100: 848,272 · +89.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 17% Two or more races 13% Black 7% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 2%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 8% · Canada, Jamaica, Vietnam
• Languages at home: 88% English-only · Spanish 10% Other Indo-European 1% Vietnamese 1%

Political lean MEDSL · Manatee

• 2024 margin: Strong R (+23.5) · D 37.9% · R 61.4%
• 2008→2024 swing: -16.5pp toward R · 2008: -7.0pp · 2024: -23.5pp
• All cycles: 2024: R+23.5 2020: R+16.1 2016: R+17.1 2012: R+12.5 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.75%
• Current HPI: 293.2597
• Rent YoY: —
• Metro: North Port-Sarasota-Bradenton, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B